Trade Conflict Will Impact Global Economy Negatively – WTO

The World Trade Organisation (WTO) on Wednesday warned that the trade conflict between the U.S. and other countries could negatively impact on global economy, if it intensifies. WTO director-general, Roberto Azevedo, said there were indications that this was already happening. When asked if there was a risk for the global economy, Azevedo said, “If the trade dispute escalates, there is the risk of a global downturn, and we are already seeing signs that this downward process has already started.” He said that it was crucial to maintain dialogue to avoid escalation.